Comment by matt_s

Cisco still exists and was a winner for a long time. The company that emerged hugely successful out of the dot com era was Amazon, they dominate ecommerce today.

Take a look further back to the Personal Computer era in the 80's into early 90's. There were tons of PC makers out there, IBM became dominant but they haven't been in that business for a long time now. Microsoft was the enormous winner coming out of that.

When grandma starts talking about GPU's and NVIDIA stock, this AI bubble might be at its peak. I think if history rhymes with past lyrics (that whole history doesn't repeat but rhymes thing), its more likely that a software company (OpenAI, Google, Microsoft) is going to be the dominant player emerging from a potential bubble burst.

A potential pin-prick to the bubble (looking into my crystal ball): pricing for AI - once companies realize their runways are running out and they want to turn a profit of some kind to stakeholders they will need to raise prices to offset the energy and hardware build outs. Customers may realize they aren't getting the productivity to offset those increased costs and hold back budgets on AI spend. Or chip tariffs depending on TACO volatility.